All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Jul 23 2009 // Standard & Poor’s Ratings Services has revised its outlook to stable from negative on Netherlands-based commercial lines insurer Fortis Corporate Insurance N.V. (FCI), and affirmed its ‘A-‘ long-term...
Jul 23 2009 // SCOR Global Life US (SGL U.S.), a wholly-owned subsidiary of France’s SCOR Group, has reached a definitive agreement to acquire XL Re Life America Inc. (XLRLA), a subsidiary of XL Capital Ltd.The total consideration...
Jul 20 2009 // We are all painfully aware of the impact of the deep recession our country has been mired in for the past year, and it appears that recovery will take some time. The tightening of credit and decline in consumer confidence...
Jul 20 2009 // The contest to acquire IPC Holding appears to be over. Validus Holdings, the formerly unwelcome suitor, whose rival bid ended Max Capital’s effort to take over IPC, has emerged as the winner.Validus finally came up...
Jul 20 2009 // American International Group, Inc. announced that it has closed the sale of its consumer finance operations in Mexico, consisting of AIG Universal, S.A. de C.V., SOFOM E.N.R. and Markcenter Services, S. de R.L. de C.V, to...
Jul 20 2009 // New Orleans-based Pan-American Life Insurance Group has completed the acquisition of USNow, which is headquartered in Plano, Texas, and provides limited medical plans. Since 1995, USNow President and CEO David E. Lindsey...
Jul 17 2009 // The Securities and Exchange Commission (SEC) has charged that five individuals, including a former investment banker at Goldman Sachs & Co., illegally tipped or traded on confidential information ahead of an...
Jul 16 2009 // American International Group is in talks with a Prudential Financial Inc. unit to sell two Japanese life insurers, a person familiar with the matter said Wednesday.The talks for AIG Edison Life Insurance Co and AIG Star...
Jul 15 2009 // Missouri-based Ascension Insurance, Inc. has acquired Haas & Dodd Insurance, Inc. of Atlanta, Ga., effective July 1, 2009.Haas & Dodd agency specializes in property/ casualty insurance and employee benefits...
Jul 15 2009 // Dallas-based Apex Global Partners Inc. (AGP) has expanded its employee benefits operations by opening a new office in Oklahoma City.In conjunction with the expansion, AGP appointed Brad Williams as director of Oklahoma...
Jul 14 2009 // U.S. small businesses, already facing the toughest credit conditions since the 1980s, may soon find things are about to get tougher.Concerns over the future of CIT Corp. — a major lender to small businesses —...
Jul 10 2009 // Bermuda-based PartnerRe Ltd. announced that David Zwiener has been appointed to fill a vacancy on its Board of Directors effective July 7, 2009. Zwiener, aged 54, is an experienced insurance industry executive. Between...
Jul 10 2009 // Validus Holdings Ltd. said it has agreed to buy Bermuda reinsurance rival IPC Holdings Ltd. for $1.65 billion in cash and stock, beating another rival, Flagstone Reinsurance Holdings Ltd, and likely ending a months-long...
Jul 9 2009 // Ameriana Bancorp announced that its subsidiary, Ameriana Insurance Agency, has completed the acquisition of Chapin-Hayworth Insurance Agency Inc., a multi-line property and casualty insurance agency located in New Castle,...
Jul 8 2009 // Focus Holdings, LLC in Sunrise, Florida, reports that it closed on its acquisition of Capacity Insurance Co. (CIC), a Florida domestic commercial lines insurer, effective July 1, 2009.Focus, better known by the name of its...
Jul 7 2009 // While Standard & Poor’s Ratings Services is positive in its outlook for PARIS RE (See related article), it is less so when it comes to the acquiring company, Bermuda-based PartnerRe. S&P said it has revised...
Jul 7 2009 // Both A.M. Best Co. and Standard & Poor’s Ratings Services have taken a positive outlook for their ratings on PARIS RE and its operating companies, following the announcement that the group would be acquired by...
Jul 6 2009 // Bermuda-based PartnerRe announced that it has entered into definitive agreements to acquire PARIS RE, a French-listed, Swiss-based diversified reinsurer. PartnerRe will exchange 0.30 of its common shares for each PARIS RE...
Jul 6 2009 // New York-based Tower Group Inc. has agreed to purchase Specialty Underwriters’ Alliance Inc., headquartered in Chicago, in a transaction valued at approximately $107 million.SUA said the deal will enable it to better...
Jul 6 2009 // Even in a good economy, mutual insurers face challenges trying to raise the capital they need to grow because they don’t have any stock to sell. But one insurer has figured out a way to overcome this...